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Importing goods from overseas can be challenging in many areas. One of those areas includes the payment of duties on the imported goods. When items are brought into the United States, the U.S. Customs office requires that the importer pay a duty, or tax, on the imported goods. The items are stored in bonded warehouses until such time as the disposition is reached. There are several possible results for removing the items, including export via ship or aircraft, duty payment to release the goods for use in the United States and destruction of the imported items.
A business that imports goods regularly can save a great deal on operating costs by investing in the construction or purchase of a bonded warehouse for their exclusive use. While the U.S. Government owns and leases their own bonded warehouses, it is permissible for importers to be bonded for their own facilities. If you're interested in learning more about his process, feel free to visit any of the resources on the left side of this page.